The salary statistics of psychiatrists are shown in Table 1. In the next few tables we compare the average salaries of psychiatrists within different industry sectors and in the 50 states of the United States. The psychiatrists annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $75,590 |
| 25th Percentile Wage | $149,900 |
| 50th Percentile Wage | $194,740 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists. The median annual salary (50th percentile) is $194,740. The average annual salary of the 25th percentile is $149,900. The average annual salary for the bottom 10 percent is $75,590. It is noted that in the United States, the median (50th percentile) annual salary is almost 157% higher than that of the bottom 10 percent.
The table and chart below show the trend of the median salary of psychiatrists from 2012 to 2016. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 4-Year Growth |
|---|---|---|---|
| 2016 | $194,740 | 6.60% | 10.99% |
| 2014 | $181,880 | 1.61% | - |
| 2013 | $178,950 | 3.14% | - |
| 2012 | $173,330 | - | - |
The average salaries of psychiatrists in 7 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for psychiatrists occupations is the administrative and support and waste management and remediation services sector with an annual salary $206,530. The lowest paying sector is the finance and insurance sector (annual salary $105,860).
From the above tables we note that not only psychiatrists salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of psychiatrists in all 50 states of the United States. We note that the median annual salaries range from $48,830 to $204,120. The highest paying state for psychiatrists is Kentucky with a median annual salary of $204,120. The lowest paying state is Puerto Rico with a median annual salary of $48,830. For more salary information of psychiatrists profession in a specific state, use the links in the table.